But Silver rally seems like a perfect opportunity to sell to finance a nice purchase in what everyone really wants to store wealth GOLD!
steady rising buy volume and and market sentiment has me looking to get into this one on Monday. Green lines are monthly levels that I am interested in for possible take profit areas $30+ quickly would not surprise me with the Silver hype/squeeze talk coming.
Gold going downnnnnn... revisiting 1800. What's it gonna do when it comes for 1800?
Long term bullish outlook on gold. If history repeats, should see 12k by 2033
We're continuing in this downward trend but primed to breakout to the upside. Accumulation/Distribution shows large accumulation dring tthis entire retracement
GLD formed a nearly decade long base. Resistance was broken but overhead supply was dumped on heavy volume and the price action quickly retreated below the former high. GLD downtrend ever since. Closed below its 150MA. Bearish for GLD and safe heaven assets. Bullish for risk equities. Don't fight the trends.
Precious metals sold off some but in light of Ms. Yellen moving in to Treasury, a continuation of her currency expansion is likely. To disregard physical precious metals as perhaps the only safe store of wealth seems to be folly. While the gold/silver ratio has fallen from nearly 120:1 down to the mid 70s, Silver is no longer the best value. The Platinum Silver...
Nothing but smiles for AG holders coming. But on serious note, this coiling for a biggly breakout.
Gold (AUD) - Bullish bounce within Ascending Wedge. Bullish Divergent RSI
Hi guys, i sharing my gameplan for today trading session on COMEX:GC1! As you see in my chart COMEX:GC1! formed bearish pennant which was pierced at friday session. Its pulled back at esterday and today overnight session to retest lower line of pennant and today its ready to retest fridays low. You can trade it for example by inverse ETF: AMEX:DUST Happy trading!
I believe gold has a big breakout by end of the year
I may be wrong but that doesn't mean I cant be wrong in public
GDX... one of my favouorites, but now is in a major retracement. Again, three out of four factors are not favourable: 1. USD rising 2. Gold bearish 3. Equities Bearish (or soon to be) Only Low Interest Rates are favourable. The weekly chart has a GAP DOWN (ignore the BRB Buy signal for now), and it closed below the weekly 55EMA, which is a significant...
Gold continues its slide down, albeit with less momentum. Technically, we got a double cross down, both in the MACD, and the RP (Relative Price Momentum), both in bearish territory. Still see more downside. Retesting 1800, and perhaps finding 1600... Then maybe I can claim my side bet steak I have with a friend. Ouch.